Get Breaking Alerts on Stocks Before The Mainstream Media

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We guarantee you to keep your privacy
Connect with us
Financial Press
:-intel-names-new-cfo-and-lead-pc-executive,-stock-gains-in-late-trading
:-intel-names-new-cfo-and-lead-pc-executive,-stock-gains-in-late-trading

Breaking

: Intel names new CFO and lead PC executive, stock gains in late trading

Intel Corp. shares rallied in the extended session Monday after the chip maker poached Micron Technology Inc.’s chief financial officer and named a new executive to lead its core personal-computer group.

Intel
INTC,
+3.31%

said Micron CFO David Zinsner will begin at Intel on Jan. 17, and report to Intel Chief Executive Pat Gelsinger. Shares surged as much as 5% after hours, following a 3.3% gain to close the regular session at $55.21, while Micron
MU,
-0.59%

shares were down 2% after hours, following a 0.6% decline to finish at $93.89.

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure 🙂

“Dave is a proven finance leader, who brings a unique combination of strategic thought, deep knowledge of semiconductors and manufacturing, capital allocation discipline, and a track record of value creation for shareholders,” Gelsinger said in a statement.

Intel’s current CFO, George Davis, will retire in May, and remain in an advisory role until then. Zinsner has been Micron’s CFO since February 2018, and was chief operating officer at Affirmed Networks and CFO at Analog Devices Inc.
ADI,
+0.92%

before his stint at Micron.

Also, Intel said that Michelle Johnston Holthaus will head the company’s client computing group, which oversees the PC business. The company’s largest business segment most recently accounted for $9.7 billion out of $19.2 billion in quarterly sales.

A 25-year veteran at Intel, Holthaus has headed the company’s sales, marketing an communications group since 2017. She will replace Gregory Bryant, who is leaving at the end of the month “for a new opportunity,” Intel said.

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Breaking

One woman’s worker safety is another man’s economic freedom. The American Federation of Labor and Congress of Industrial Organizations, a group of more than...

Breaking

Moderna’s chief executive officer Stephane Bancel said the company hopes to have a combined flu and COVID vaccine ready for 2023, but virus experts...

Breaking

The benefits of the landmark small-business relief program designed at the height of the pandemic mostly went to business owners rather than workers, a...

Breaking

VANCOUVER, BC, Jan. 17, 2022 /CNW/ – Norra Metals Corp. (“Norra” or the “Company“) (TSXV: NORA) (Frankfurt: 1KO) (OTC: NRRMF) intends to complete a non-brokered private...

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure :)

Get Breaking Stock Alerts

Email address

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address